Doomsday Call
A call provision added to fixed income securities that allows for early redemption by the issuer if certain conditions are favorable.

Investopedia Says:
Also known as Canada calls, these provisions are typically found on corporate debt issues made by Canadian corporations. With a doomsday call provision, issuers are able to redeem at either par value upon maturity of the fixed income security or at a predetermined rate which is usually a benchmark +/- basis points.

Related Terms:
Bond
Callable Bond
Corporate Bond
Fixed Income Security
Par Value

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